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Fly News Breaks for November 6, 2018
ATSG
Nov 6, 2018 | 05:06 EDT
Imperial Capital analyst Michael Derchin lowered his price target for Air Transport Services Group to $19 saying the company reported weaker than expected Q3 earnings and indicated fiscal 2019 pro forma EBITDA is expected to be at or above $440M. The shares appear fairly priced considering limited earnings growth potential through fiscal 2019, Derchin tells investors in a post-earnings research note. He keeps an In-Line rating on Air Transport Services.
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